Financial World Updates
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๐Ÿ‡ฎ๐Ÿ‡ทIran tells Yemenโ€™s Houthis to close "Bab el-Mandeb Strait" if US hits Iranian power infrastructure.

Around 7% of global energy supplies pass through Bab el-Mandeb.


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๐Ÿ‡ฐ๐Ÿ‡ท South Korea to โ€œhaltโ€ new listings of single stock leveraged ETFs.


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Netflix $NFLX says it used generative AI for ~300 movies and shows.


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Japanese Stock Market enters technical correction after falling more than 10% from June's all-time high.


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Bank of Americaโ€™s CEO joins Wall Street leaders raising concerns over the speed and security risks of advanced AI models.


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In a July 14 interview with CNBC, BitMine Chairman Tom Lee stated that the S&P 500 could surpass 8,000 by the end of the year, as the AI narrative remains intact.


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๐Ÿ‡ฌ๐Ÿ‡ง Andy Burnham named Labour leader, set to become UK Prime Minister.


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Queues at Russian gas stations have begun to shrink.

The situation has improved in 13 regions, as well as in Moscow, the Moscow Region, St. Petersburg, and the Leningrad Region.

According to analysts, the most effective measures have been electronic queueing systems, QR codes, and the odd-even license plate system, which allows vehicles to refuel based on whether their plate number ends in an odd or even digit.


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๐Ÿ‡บ๐Ÿ‡ธ Congress holds hearing to discuss Crypto Clarity Act.


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Apple overtakes Nvidia to become world's most valuable company

AAPL MKT CAP: $4.9T


NVDA MKT CAP: $4.85T



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US corporate insiders are selling US stocks at the second-highest pace in 20+ years, with $77.6 billion sold in H1 this year, a 20% increase, per BBG and EPFR.


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๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ‡ฎ๐Ÿ‡ถ US oil giant Chevron explores new pipeline routes in Iraq to bypass the Strait of Hormuz.


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๐Ÿ“Š Elon Musk has lost $500 billion in net worth over the past month.


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